Quibi CFO forecasts demise of investor-funded content creation

Screen | 2/28/2019 | Jeremy Kay
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Investor-funded content creation will come to an end in “the not-too-distant future”, the CFO of Jeffrey Katzenberg’s upcoming short-form platform Quibi told a Los Angeles conference on Wednesday (27).

Ambereen Toubassy intimated that loss-leading funding models for content adopted by companies that were cash-negative or built to drive other parts of a parent company’s business would not last the course.

Entertainment - Finance - Forum - Winston - Baker

Speaking at the Entertainment Finance Forum presented by Winston Baker, the Quibi executive agreed with Legendary CFO Ron Hohauser when he said subscription and ad-supported platforms and transactional payment mechanisms would be around for the foreseeable future.

Toubassy outlined the programming approach at Quibi, the $1bn start-up that Katzenberg and his CEO Meg Whitman aim to launch at the end of the year, first in the US and Canada, followed by China through...
(Excerpt) Read more at: Screen
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